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HC Wainwright & Co. Reiterates Bausch + Lomb (BLCO) Buy Recommendation

Fintel reports that on October 6, 2023, HC Wainwright & Co. reiterated coverage of Bausch + Lomb (NYSE:BLCO) with a Buy recommendation.

Analyst Price Forecast Suggests 26.44% Upside

As of October 5, 2023, the average one-year price target for Bausch + Lomb is 21.87. The forecasts range from a low of 18.18 to a high of $26.25. The average price target represents an increase of 26.44% from its latest reported closing price of 17.30.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Bausch + Lomb is 3,940MM, an increase of 0.92%. The projected annual non-GAAP EPS is 1.05.

What is the Fund Sentiment?

There are 115 funds or institutions reporting positions in Bausch + Lomb. This is an increase of 6 owner(s) or 5.50% in the last quarter. Average portfolio weight of all funds dedicated to BLCO is 0.54%, an increase of 47.23%. Total shares owned by institutions increased in the last three months by 0.06% to 46,264K shares. The put/call ratio of BLCO is 0.95, indicating a bullish outlook.

What are Other Shareholders Doing?

BLCO / Bausch + Lomb Corp Shares Held by Institutions

FIL holds 6,543K shares representing 1.87% ownership of the company. In it’s prior filing, the firm reported owning 2,824K shares, representing an increase of 56.84%. The firm increased its portfolio allocation in BLCO by 361.27% over the last quarter.

Goldentree Asset Management holds 5,797K shares representing 1.65% ownership of the company. In it’s prior filing, the firm reported owning 6,102K shares, representing a decrease of 5.27%. The firm increased its portfolio allocation in BLCO by 6.00% over the last quarter.

Eminence Capital holds 5,368K shares representing 1.53% ownership of the company. In it’s prior filing, the firm reported owning 5,580K shares, representing a decrease of 3.93%. The firm increased its portfolio allocation in BLCO by 2.49% over the last quarter.

Icahn Carl C holds 3,500K shares representing 1.00% ownership of the company. No change in the last quarter.

Maple Rock Capital Partners holds 2,887K shares representing 0.82% ownership of the company. In it’s prior filing, the firm reported owning 2,491K shares, representing an increase of 13.72%. The firm increased its portfolio allocation in BLCO by 23.27% over the last quarter.

Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.

Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Summarize this content to 100 words

Fintel reports that on October 6, 2023, HC Wainwright & Co. reiterated coverage of Bausch + Lomb (NYSE:BLCO) with a Buy recommendation. Analyst Price Forecast Suggests 26.44% Upside As of October 5, 2023, the average one-year price target for Bausch + Lomb is 21.87. The forecasts range from a low of 18.18 to a high of $26.25. The average price target represents an increase of 26.44% from its latest reported closing price of 17.30.

See our leaderboard of companies with the largest price target upside. The projected annual revenue for Bausch + Lomb is 3,940MM, an increase of 0.92%. The projected annual non-GAAP EPS is 1.05. What is the Fund Sentiment? There are 115 funds or institutions reporting positions in Bausch + Lomb. This is an increase of 6 owner(s) or 5.50% in the last quarter. Average portfolio weight of all funds dedicated to BLCO is 0.54%, an increase of 47.23%. Total shares owned by institutions increased in the last three months by 0.06% to 46,264K shares. The put/call ratio of BLCO is 0.95, indicating a bullish outlook. What are Other Shareholders Doing? FIL holds 6,543K shares representing 1.87% ownership of the company. In it’s prior filing, the firm reported owning 2,824K shares, representing an increase of 56.84%. The firm increased its portfolio allocation in BLCO by 361.27% over the last quarter. Goldentree Asset Management holds 5,797K shares representing 1.65% ownership of the company. In it’s prior filing, the firm reported owning 6,102K shares, representing a decrease of 5.27%. The firm increased its portfolio allocation in BLCO by 6.00% over the last quarter.

Eminence Capital holds 5,368K shares representing 1.53% ownership of the company. In it’s prior filing, the firm reported owning 5,580K shares, representing a decrease of 3.93%. The firm increased its portfolio allocation in BLCO by 2.49% over the last quarter. Icahn Carl C holds 3,500K shares representing 1.00% ownership of the company. No change in the last quarter. Maple Rock Capital Partners holds 2,887K shares representing 0.82% ownership of the company. In it’s prior filing, the firm reported owning 2,491K shares, representing an increase of 13.72%. The firm increased its portfolio allocation in BLCO by 23.27% over the last quarter. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.

Click to Learn MoreThis story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/hc-wainwright-co.-reiterates-bausch-lomb-blco-buy-recommendation-1 HC Wainwright & Co. Reiterates Bausch + Lomb (BLCO) Buy Recommendation

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